🎟️TokenDraw

Welcome to TokenDraw, an innovative lottery system on the PulseChain blockchain for Wonderland.

TokenDraw allows users to participate in a lottery system where they can purchase tickets using different tokens, preferably Wonderland tokens, and stand a chance to win a prize pool in PLS. The system is designed to foster collaborations by accepting multiple tokens, making it versatile and inclusive.

Wonderland Dashboard

TokenDraw Page

How It Works

1. Prize Pool: The prize for each cycle is set in PLS, ensuring the prize remains consistent and valuable for each lottery cycle.

2. Ticket Purchase: Users buy tickets using tokens. The ticket price and the accepted tokens are set to accommodate various collaborations and token holders. The cost per ticket and the tokens accepted can be adjusted as needed.

3. Token Reward Pool: The tokens collected from ticket sales contribute to the contract’s balance. These tokens ensure the contract can sustain future payouts for WonderDraw and support DAO operations.

4. End Cycle: The lottery cycle continues until the endCycle function is called. The winner is then selected, and the prize is distributed accordingly.

Steps to Participate

Connect Your Wallet

• Ensure your wallet is connected to the PulseChain network.

• You can connect your wallet through the TokenDraw interface using the connect button.

Buy Tickets

• Specify the number of tickets you want to purchase.

• The total cost will be calculated and displayed in the token you choose.

• Click the "Buy Tickets" button to complete your purchase and confirm the transaction in your wallet.

Winning and Rewards

1. When the cycle ends, a winner is randomly selected.

2. The winner receives the prize pool in PLS.

3. A portion of the tokens collected from ticket sales is transferred to the DAO.

Questions

How do I know the lottery is fair?

TokenDraw leverages smart contracts to handle all operations, ensuring transparency and fairness. All transactions are recorded on the blockchain and can be verified independently.

What happens if I don’t win?

If you don’t win, your ticket purchase still contributes to the prize pool, supporting future lotteries. You can participate in the next cycle for another chance to win.

Can I withdraw my tickets or tokens once purchased?

Tickets cannot be withdrawn once purchased. They are automatically entered into the current cycle.